Exxon-Mobil drilling two new wells offshore Guyana in January 2019

[Stabroek News] Just weeks after its 10th major find, ExxonMobil is gearing up to begin drilling for oil at two separate locations offshore Guyana.

These plans haven’t been affected by the interruption of the gathering of seismic data in the western part of the Liza-1 block following an incursion into Guyana’s waters by the Venezuelan Navy.

The drill site is approximately 111.4 nautical miles from the coast of Guyana and covers an area of one square kilometer.

According to advertisements in last week’s Sunday Stabroek, Exxon’s local subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) is set to begin a three-month drilling operation on January 5th, 2019 at the Tilapia-1 well site within the Stabroek Block.

Meanwhile, on January 2nd, 2019, EEPGL will begin a three-month operation at the Haimara-1 well site. The Stena Carron is the drillship and it will also be supported by the same vessels being used for the Tilapia-1 well.

On December 3rd, ExxonMobil announced that it had made its 10th discovery offshore Guyana since May 2015 and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels. The 10th well was Pluma-1.

“The discovery of a resource base of more than 5 billion oil-equivalent barrels in less than four years is a testament of our technical expertise and rigorous evaluation and pursuit of high-potential, high-risk opportunities in this frontier area,” said Neil Chapman, ExxonMobil senior vice president. “We will continue to apply what we’ve learned to identify additional exploration prospects and potential future discoveries that will deliver significant value to Guyanese people, our partners and shareholders.”

Exxon had said that the Pluma-1 well encountered approximately 121 feet (37 meters) of high-quality hydrocarbon-bearing sandstone reservoir. The Noble Tom Madden drillship began drilling on Nov. 1. The well is located approximately 17 miles (27 kilometers) south of the Turbot-1 well.

“Together with the government and people of Guyana, we are continuing to grow the value of the Stabroek Block for Guyana, our partners and ExxonMobil with successful exploration investments,” Steve Greenlee, president of ExxonMobil Exploration Company had said.

The Liza Phase 1 development is expected to begin producing up to 120,000 barrels oil per day by early 2020, utilizing the Liza Destiny floating storage, production and offloading vessel.

Comments

Who wants to bet that Venezuela will seek revenge against America by intercepting oil tankers leaving the oceans of Guyana via en-route to Texas, USA? I’d rather let President Granger be in power than some corrupt, racist political party from the USA owning our oil reserves.

Everyone talks about how many billions of barrels of oil are in ocean floor. But how many question those estimates? How sure can you be? It may far less or far more.
The amount off shore may not be as high as they claim. When it comes to foreigners, can you trust them, especially Americans and Brits? I don’t!

Everyone finding oil these days, even in a remote island of 600,000 within Canada:
Offshore assessment shows N.L. ‘destined to be a global …
Results of a seismic study of 11 parcels of land up for bids in November show the potential for up to 12 billions barrels of oil, with a market value of up to $600 billion, Newfoundland and …

But who doya think will choose to suck dry? A developed country like Canada with solid laws, higher wages and human rights, or this country where we are now at risk of fighting like dog and cat and working for quarter of the wages of our rival T&T?